WeWork and Uber cost SoftBank’s Vision Fund a quarterly loss of $8.9 billion

We now know exactly how much all the WeWork drama of the past few months cost SoftBank, one of its largest investors. As Investor’s Business Daily reports, SoftBank has reported a quarterly loss of 970.3 billion yen in its Vision Fund, which amounts to an $8.9 billion loss for the quarter ending September 30.

WeWork wasn’t responsible for all of that $8.9 billion loss, however—just most of it. As IBD reports, WeWork caused the fund to take a 497.7 billion yen ($4.6 billion) hit. Other major companies that caused Vision Fund to make a loss last quarter include Uber and Slack.

www.fastcompany.com/90427314/wework-and-uber-cost-softbanks-vision-fund-a-quarterly-loss-of-8-9-billion

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